Regional stock exchange designation enables automatic cross-listing on other recognised exchanges after regional listing. The draft amends the 1957 Rules by defining regional stock exchange relative to a company's registered office and by substituting regional terminology into the listing rule; it adds that securities listed on the regional stock exchange shall, upon the company's application, be listed on every other recognised stock exchange without production of the documents and particulars otherwise required for initial listing.
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Regional stock exchange designation enables automatic cross-listing on other recognised exchanges after regional listing.
The draft amends the 1957 Rules by defining regional stock exchange relative to a company's registered office and by substituting regional terminology into the listing rule; it adds that securities listed on the regional stock exchange shall, upon the company's application, be listed on every other recognised stock exchange without production of the documents and particulars otherwise required for initial listing.
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